Hyperliquid has rapidly achieved significant success in decentralized finance, capturing over 80% of the perpetuals market in just one year.
Hyperliquid's Market Growth
According to a report by RedStone, Hyperliquid processes over $30 billion in trades daily. This has been made possible due to the rapid growth of the platform, which now competes with major centralized exchanges.
Technical Features of the Platform
One main reason for Hyperliquid's growth is its fully on-chain order book, which provides fast speeds and fair pricing. Moreover, the introduction of HIP-3 allows anyone to create new markets without third-party involvement and shares revenues with developers.
Overall Impact and Future
RedStone characterized Hyperliquid as a platform setting a new standard in decentralized finance. The platform creates opportunities for both builders and institutions, fostering an active and creative community in this space.
Hyperliquid demonstrates impressive results by offering its users unique opportunities and efficient trading tools, solidifying its role as an important player in decentralized finance.
